A Newton man was sentenced Thursday in federal court in Boston for illegally using the identity of another individual to apply for two business loans as part of a scheme that cost Eastern Bank nearly $100,000.

Igor Mosieev, 59, was sentenced to 30 months in prison and five years of supervised release. He was also ordered to pay $91,418 in restitution.

Mosieev pleaded guilty to two counts of bank fraud and one count of aggravated identity theft in May 2019. Mosieev was arrested and charged with co-defendant Alexander Grinis, 47, of Jamaica Plain, in June 2018.

Grinis was in 2015 the manager of Eastern Bank’s Auburndale branch, where his responsibilities included assisting customers with opening and closing accounts and applying for loans and lines of credit. In that February of that year, prosecutors said, Grinis assisted Mosieev in opening a checking and savings account with the license and Social Security card of another individual, without the knowledge or consent of that person. Later that year, Grinis assisted Mosieev in adding the individual to a business account in the name of TFC Enterprises LLC.

Mosieev then forged the individual’s name on applications for two purported business loans, prosecutors said. On each loan application, Grinis falsely certified that he had complied with all bank procedures and, as a result, the loans were approved. The proceeds of the two loans were subsequently distributed to the business checking account and Mosieev forged the individual’s name on checks and withdrew money from the account to pay for his own personal expenses. In addition, Mosieev, with Grinis’ assistance, caused proceeds from the business checking account to be wired to Russia, Canada, and elsewhere overseas using the individual’s name. Both loans defaulted and were never paid back to Eastern Bank, resulting in a loss of over $90,000.

For his part in the scheme, Grinis was sentenced earlier this year to nine months in prison, two years of supervised release and ordered to pay restitution of $91,403.